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Discontinued Operations
6 Months Ended
Jun. 30, 2014
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
Note 4 – Discontinued Operations
Globetec
In 2012, the Company's board of directors approved a plan of sale for Globetec Construction, LLC ("Globetec"). Accordingly, Globetec's projects and assets are reflected as assets and liabilities of discontinued operations in the condensed unaudited consolidated balance sheets for all periods presented, and Globetec's results of operations are presented as discontinued operations in the condensed unaudited consolidated statements of operations for all periods presented. Effective August 31, 2013, the Company sold all of its membership interests in Globetec for nominal consideration and retained certain contingent assets and liabilities. As of June 30, 2014, the Company had certain outstanding surety bonds associated with Globetec, for which the work had been substantially completed. The Company believes that there was an insignificant amount at risk under these surety bonds as of June 30, 2014. The Company is not obligated and does not intend to support Globetec in the future.
The following table contains a summary of the contingent assets and liabilities associated with Globetec that were retained by the Company as of June 30, 2014 and as of December 31, 2013 (in millions):
 
June 30,
2014
 
December 31,
2013
Current assets
$
2.1

 
$
2.3

Long-term assets
10.1

 
10.1

Assets of discontinued operations
$
12.2

 
$
12.4

Current liabilities of discontinued operations
$
1.2

 
$
1.2

The following table presents results from discontinued operations associated with the Globetec operation for the periods indicated (in millions):
 
For the Three Months Ended June 30, 2013
 
For the Six Months Ended June 30, 2013
Revenue
$
6.9

 
$
13.2

Loss from operations, before tax
(0.9
)
 
(2.1
)
Impairment of assets, before tax
(0.3
)
 
(0.3
)
Income tax benefit
0.7

 
1.0

Net loss from discontinued operations
$
(0.5
)
 
$
(1.4
)
For the three and six month periods ended June 30, 2014, net loss from discontinued operations, which related primarily to certain contingencies, totaled $0.1 million and $0.3 million, respectively.